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Get your taxes done using TurboTax
If you did not meet the requirements to file a Schedule B, then TurboTax did not include it. During the TurboTax interview process, you will be asked questions that help determine if a Schedule B is required. This includes lines 7 and 8. There is a question about foreign accounts/holdings in the interview.
Regarding the other software, I cannot advise on why it included a form that you did not need.
Here are the Schedule B requirements:
Use Schedule B (Form 1040) if any of the following applies:
- You had over $1,500 of taxable interest or ordinary dividends.
- You received interest from a seller-financed mortgage and the buyer used the property as a personal residence.
- You have accrued interest from a bond.
- You are reporting original issue discount (OID) in an amount less than the amount shown on Form 1099-OID.
- You are reducing your interest income on a bond by the amount of amortizable bond premium.
- You are claiming the exclusion of interest from series EE or I U.S. savings bonds issued after 1989.
- You received interest or ordinary dividends as a nominee.
- You had a financial interest in, or signature authority over, a financial account in a foreign country or you received a distribution from, or were a grantor of, or transferor to, a foreign trust. Part III of the schedule has questions about foreign accounts and trusts.
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March 20, 2020
12:43 PM